ExxonMobil and Chevron, the two biggest US oil companies, reported gangbusters profits driven by the spike in global oil prices unleashed by the US-Iran war.

Shell's profit more than doubles to $9.8 billion amid rising oil prices. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

Analysts have high expectations for ExxonMobil and Chevron for Q2 quarterly results. Here's the numbers and why expectations are high.